China’s net imports of refined nickel fell to a near-decade low in 2023, capturing the tectonic shifts playing out in the global production chain.

The year 2023 proved to be a tough year for Africa’s mining industry due to a myriad of international and domestic factors.

OPENING REMARKS BY THE HONOURABLE MINISTER OF MINERAL RESOURCES AND ENERGY MR GWEDE MANTASHE (MP) INVESTING IN AFRICAN MINING INDABA

The year 2023 proved to be a tough year for Africa’s mining industry due to a myriad of international and domestic factors.

“My understanding is steel consumers, steel customers are much happier with Nippon as the buyer,” Wolfe Research analyst Timna Tanners said at the Tampa Steel Conference.

Full-year 2023 net earnings was $895 million, or $3.56 per diluted share, and adjusted net earnings was $1,195 million, or $4.73 per diluted share.

He wouldn’t say if he’d make another offer for US Steel if the Nippon deal collapsed.

Nucor acknowledges it was interested in acquiring some of United States Steel's assets, but dropped out of the bidding near the end over concerns about the price.